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SEQR) Negative Declaration Concurrence for Cornell University’S North Campus Residential Expansion, Renovation and Refunding Project

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SEQR) Negative Declaration Concurrence for Cornell University’S North Campus Residential Expansion, Renovation and Refunding Project ANDREW M. CUOMO ALFONSO L. CARNEY, JR. GERRARD P. BUSHELL, Ph.D. Governor Chair President & CEO Memorandum TO: Sara P. Richards, Esq., Associate General Counsel FROM: Robert S. Derico, R.A., Acting Director, Office of Environmental Affairs DATE: March 4, 2019 RE: State Environmental Quality Review (SEQR) Negative Declaration Concurrence for Cornell University’s North Campus Residential Expansion, Renovation and Refunding Project Description of Proposed Action and Proposed Project. Cornell University (“CU” or the “University”) has requested financing from the Dormitory Authority of the State of New York (“DASNY”) for its North Campus Residential Expansion, Renovation and Refunding Project (the “Proposed Project”). Based on a review of the attached Transaction Summary Update, dated February 25, 2019, it has been determined that the Proposed Action would involve DASNY’s authorization of the issuance of one or more series of fixed- or variable-rate, tax-exempt and/or taxable, Series 2019 Bonds to be sold at one or more times through a negotiated offering and/or a private placement, in an amount not to exceed $610,000,000 in funding under DASNY’s Independent Colleges and Universities Program. Cornell University is located at 341 Pine Tar Road, City of Ithaca, Tompkins County, New York. Specifically, the University proposes to refund all or a portion of DASNY’s Cornell University Revenue Bonds, Series 2009A ($258.8 million), refinance the tax-exempt commercial paper issued by DASNY ($52.9 million), construct two residential complexes, the Sophomore Site and the Freshman Site (North Campus Residential Expansion), and/or finance deferred maintenance projects across the Cornell University system ($300 million). The two residential complexes would be built on a 26-acre area on CU's North Campus ("Project Site"). The Sophomore Site would consist of three residential buildings containing 800 new beds and associated program space totaling approximately 299,900-gross-square-feet (“gsf”) and a 1,200-seat, approximately 59,700-gsf dining facility. The Freshman Site would span the City of Ithaca and the Town of Ithaca’s municipal boundaries, and consist of three new residential buildings, totaling approximately 401,200-gsf and containing 1,200 new beds and associated program space. The residential buildings at these sites would be between two and six stories in height. The Project also includes reorganization of existing parking and vehicular access, new pedestrian paths, outdoor plazas, and other landscape amenities. The Proposed Project site resides within three municipalities and three zoning districts. The Sophomore Site is mainly in the City of Ithaca U-1 Zoning District, with a small portion within the Village of Cayuga Heights’ Multiple Housing District. All buildings at the Sophomore Site are located within the City, where the proposed five stories and 55 feet building heights are allowed. Ms. Sara P. Richards March 4, 2019 Page 2 The Freshman Site traverses the City and Town lines, with 223,400 gsf located within the City's U-1 Zoning District, and 177,800 gsf situated within the Town's Low Density Residential District. Buildings at the Freshman Site have been designed to comply with the allowed five stories and 55 feet height requirement in the City and the allowable two-story requirement in the Town. The proposed use is allowed in the Town by special permit, which would be granted as a ministerial action. Additionally, the University would undertake the planning, design and internal renovation of the following existing buildings and spaces on the CU campus: • McGraw Hall academic humanities building; • Balch Hall dormitory; • Comstock Teaching Laboratory Cluster; • Olin Hall Phase I, second and third floor conversion from dry labs and office space to wet lab space; • Computing and Communications Center Improvements for Academic Support Units; • Baker North and South Hall dormitories bathrooms; • Gates Hall - Faculty Growth; • S.C. Johnson - Johnson School - Sage Hall dining space; • Baker 200 Lecture Hall auditorium; • Various academic classroom space; • Willard Straight Hall 4th floor café. Project Purpose and Need. CU initiated a Housing Master Planning process in January 2016 to develop a near and long-term strategy for undergraduate student housing that would optimize the University’s student housing portfolio, improve the student experience, support the University’s academic mission and support the surrounding community’s goal of providing affordable housing. During the planning process, multiple stakeholders were consulted including students, faculty, staff, administrators, local residents and officials from the City and Town of Ithaca, Village of Cayuga Heights and Tompkins County. The additional residence halls to be developed in the North Campus Residential Expansion (“NCRE”) will enable the University to provide more intentional and consistent support during the most formative years of the student experience. The Housing Master Plan demonstrated that CU’s greatest housing challenge is the lack of suitable inventory to meet demand and accommodate students in appropriate living environments that meet their developmental and programming needs. Campus housing is particularly problematic for undergraduate students, as fierce competition for a limited number of beds has resulted in a lottery system that creates intense anxiety among first-year students and sophomores and difficulty living in the same place on campus for more than one year. The sheer number of students living off campus has created tremendous upward pressure on rents in nearby neighborhoods, especially in the City of Ithaca, without a corresponding increase in the quality of housing. The proposed residence halls will allow the University to address multiple issues. Upon completion, the NCRE will give the University the ability to house 100-percent of its first-year students in developmentally appropriate campus housing and 100-percent of its sophomores in campus Ms. Sara P. Richards March 4, 2019 Page 3 residence halls, co-ops, and Greek housing. The University also faces significant deferred maintenance in its residence halls and community buildings, as noted above. By adding approximately 2000 beds for occupancy by the Fall Semester of 2022, the NCRE will: • Address a deficit of on-campus housing by providing 2004 student beds; • Offer appropriate housing, social and dining spaces to first-year and sophomore students; • Support the program with an additional approximately 75 beds for live-in professional staff, upper-level student resident advisors (RAs) and faculty-in-residence; • Provide enough housing to implement a two-year residence requirement (all first-year and sophomore students to live on campus or in University-affiliated housing); • Provide swing space so that deferred maintenance in older residence halls can be accomplished; • Allow anticipated increases in undergraduate enrollment; • Relieve pressure on the local housing market, particularly in the City of Ithaca. Institution. Cornell University, founded by Ezra Cornell, is a private, not-for-profit, co-educational, nonsectarian institution of higher learning chartered and operated under the laws of the State of New York. Today, the University comprises seven privately funded schools and colleges and four State- supported schools located in Ithaca, New York, as well as Weill Cornell Medicine and the new Cornell Tech Campus, both located in New York City. The privately funded Endowed Colleges in Ithaca are the College of Architecture, Art and Planning; the College of Arts and Sciences; the College of Engineering; the School of Hotel Administration; the Law School; the S. C. Johnson Graduate School of Management; and the Faculty of Computing and Information Science. The four Contract Colleges are the College of Agriculture and Life Sciences; the College of Human Ecology; the School of Industrial and Labor Relations; and the College of Veterinary Medicine. Cornell’s four Contract Colleges have been assigned by State legislation with specific responsibilities in research and extension directed to support State needs. The specialized missions of the Contract Colleges, as set forth in the State Education Law, are included in the Cornell Charter. The four Contract Colleges enroll approximately 34-percent of the student body and conduct 36-percent of total research expenditures of the University. Weill Cornell Medicine is comprised of the Weill Cornell Medical College, Weill Cornell Graduate School of Medical Sciences, and the Weill Cornell Physician Organization. The Medical College and the Graduate School conduct instructional and research activities in the medical field, and, through the Physician Organization, the physician members generate clinical practice income for Cornell from their professional services to patients. Weill Cornell Physicians are faculty members of Weill Cornell Medical College and are also attending physicians at New York-Presbyterian Hospital/Weill Cornell Medical Center. Weill Cornell also maintains major affiliations with Memorial Sloan-Kettering Cancer Center, Rockefeller University, and the Hospital for Special Surgery, as well as with the metropolitan-area institutions that constitute the New York-Presbyterian Healthcare System. SEQR Determination. DASNY conducted this environmental review in compliance with the State Environmental Quality Review Act (“SEQRA”), codified at Article 8 of the New York Environmental Ms. Sara P. Richards March 4, 2019 Page 4 Conservation
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